3M explores $3.5 billion sale of food safety unit – Bloomberg News

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The unit, which makes products for pathogen testing and allergen detection, could fetch about $3.5 billion, the report said.

3M said it does not comment on rumors or speculation.

The company missed Wall Street estimates for second-quarter profit and revenue in July as demand across its business units plunged due to the coronavirus crisis.

Its shares have fallen about 8% so far this year.